S&P Global Platts and Argus Media will today launch new benchmarks for pricing U.S. crude oil that is being exported to replace the West Texas Intermediate benchmark. The new benchmarks will seek to put U.S. oil for export on a more equal footing with Brent crude, which is currently used for the pricing of more than 50 percent of the oil exported around the world. Platts, Argus Launch New Benchmarks for U.S. Crude for Export U.S. Gulf Coast to get its Own Oil Benchmark U.S. Gulf Coast Crude Gets Its Own Oil Benchmark Platts, Argus Launch U.S. Gulf Coast Crude Benchmark U.S. Gulf Coast Crude Becomes World’s Newest Benchmark S&P Global Platts and Argus Media will today launch new benchmarks for pricing U.S. crude oil that is being exported to replace the West Texas Intermediate benchmark. WTI serves as a basis, but it is, in fact, linked to oil […]